Experimental tests of the mean-variance model for

@inproceedings{Kroll1988ExperimentalTO,
  title={Experimental tests of the mean-variance model for},
  author={Yoram Kroll and Haim Levy and Alexandra Rapaport},
  year={1988}
}
Abstract Statistically knowledgeable male and female undergraduate students participated in 40 portfolio selection problems with monetary payoff contingent on performance. The portfolio selection task included two independent risky assets with normally distributed returns. It provided access to information about previous returns, allowed borrowing and lending at a fixed interest rate, and forced on each decision period a choice between the two risky assets. The findings show a high percentage… CONTINUE READING